Notification of Direct Loan Payment Deferrals for the Community Facilities Direct Loan Program, 30835 [C1-2020-08429]

Download as PDF Federal Register / Vol. 85, No. 99 / Thursday, May 21, 2020 / Rules and Regulations restriction on receipt of funds under CFAP but only as to beneficiaries who, as a condition of the waiver, agree to apply the CFAP payments to reduce the amount of the judgment lien. (g) In addition to any other Federal laws that apply to CFAP, the following laws apply: 15 U.S.C. 714; 18 U.S.C. 286, 287, 371, 1001; and 31 U.S.C. 1001. (h) This part applies to applications submitted under CFAP through August 28, 2020, or until funds made available for CFAP are exhausted. § 9.8 Perjury. In either applying for or participating in CFAP, or both, the producer is subject to laws against perjury and any penalties and prosecution resulting therefrom, with such laws including but not limited to 18 U.S.C. 1621. If the producer willfully makes and represents as true any verbal or written declaration, certification, statement, or verification that the producer knows or believes not to be true, in the course of either applying for or participating in CFAP, or both, then the producer is guilty of perjury and, except as otherwise provided by law, may be fined, imprisoned for not more than 5 years, or both, regardless of whether the producer makes such verbal or written declaration, certification, statement, or verification within or without the United States. Stephen L. Censky, Vice Chairman, Commodity Credit Corporation, and Deputy Secretary, U.S. Department of Agriculture. [FR Doc. 2020–11025 Filed 5–20–20; 8:45 am] BILLING CODE 3410–05–P DEPARTMENT OF AGRICULTURE Rural Housing Service 7 CFR Part 1951 [Docket No. RHS–20–CF–0011] Notification of Direct Loan Payment Deferrals for the Community Facilities Direct Loan Program Correction In rule document 2020–08429 beginning on page 22009 in the issue of Tuesday, April 21, 2020, make the following correction: On page 22009, in the DATES section, ‘‘May 12, 2020’’ should read ‘‘April 21, 2020’’. [FR Doc. C1–2020–08429 Filed 5–20–20; 8:45 am] BILLING CODE 1301–00–D VerDate Sep<11>2014 16:00 May 20, 2020 Jkt 250001 SMALL BUSINESS ADMINISTRATION 13 CFR Parts 120 and 121 [Docket Number SBA–2020–0030] RIN 3245–AH44 Business Loan Program Temporary Changes; Paycheck Protection Program—Treatment of Entities With Foreign Affiliates U.S. Small Business Administration. ACTION: Interim final rule. AGENCY: PO 00000 Frm 00011 Fmt 4700 Sfmt 4700 consider to be CBI and explain why you believe SBA should hold this information as confidential. SBA will review the information and make the final determination whether it will publish the information. A Call Center Representative at 833–572– 0502, or the local SBA Field Office; the list of offices can be found at https:// www.sba.gov/tools/local-assistance/ districtoffices. FOR FURTHER INFORMATION CONTACT: SUPPLEMENTARY INFORMATION: On April 2, 2020, the U.S. Small Business Administration (SBA) posted an interim final rule announcing the implementation of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act temporarily adds a new program, titled the ‘‘Paycheck Protection Program,’’ to the SBA’s 7(a) Loan Program. The CARES Act also provides for forgiveness of up to the full principal amount of qualifying loans guaranteed under the Paycheck Protection Program (PPP). The PPP is intended to provide economic relief to small businesses nationwide adversely impacted by the Coronavirus Disease 2019 (COVID–19). SBA posted additional interim final rules on April 3, 2020, April 14, 2020, April 24, 2020, April 28, 2020, April 30, 2020, May 5, 2020, May 8, 2020, May 13, 2020, and May 14, 2020, and the Department of the Treasury posted an additional interim final rule on April 28, 2020. This interim final rule supplements the previously posted interim final rules by providing guidance on additional eligibility requirements related to entities with foreign affiliates, and requests public comment. DATES: Effective date: This rule is effective May 21, 2020. Applicability date: This interim final rule applies to applications submitted under the Paycheck Protection Program through June 30, 2020, or until funds made available for this purpose are exhausted. Comment date: Comments must be received on or before June 22, 2020. ADDRESSES: You may submit comments, identified by number SBA–2020–0030 through the Federal eRulemaking Portal: http://www.regulations.gov. Follow the instructions for submitting comments. SBA will post all comments on www.regulations.gov. If you wish to submit confidential business information (CBI) as defined in the User Notice at www.regulations.gov, please send an email to ppp-ifr@sba.gov. Highlight the information that you SUMMARY: 30835 I. Background Information On March 13, 2020, President Trump declared the ongoing Coronavirus Disease 2019 (COVID–19) pandemic of sufficient severity and magnitude to warrant an emergency declaration for all States, territories, and the District of Columbia. With the COVID–19 emergency, many small businesses nationwide are experiencing economic hardship as a direct result of the Federal, State, tribal, and local public health measures that are being taken to minimize the public’s exposure to the virus. These measures, some of which are government-mandated, are being implemented nationwide and include the closures of restaurants, bars, and gyms. In addition, based on the advice of public health officials, other measures, such as keeping a safe distance from others or even stay-athome orders, are being implemented, resulting in a dramatic decrease in economic activity as the public avoids malls, retail stores, and other businesses. On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) (Pub. L. 116–136) to provide emergency assistance and health care response for individuals, families, and businesses affected by the coronavirus pandemic. The Small Business Administration (SBA) received funding and authority through the CARES Act to modify existing loan programs and establish a new loan program to assist small businesses nationwide adversely impacted by the COVID–19 emergency. Section 1102 of the CARES Act temporarily permits SBA to guarantee 100 percent of 7(a) loans under a new program titled the ‘‘Paycheck Protection Program.’’ Section 1106 of the CARES Act provides for forgiveness of up to the full principal amount of qualifying loans guaranteed under the Paycheck Protection Program (PPP). On April 24, 2020, the President signed the Paycheck Protection Program and Health Care Enhancement Act (Pub. L. 116–139), E:\FR\FM\21MYR1.SGM 21MYR1

Agencies

[Federal Register Volume 85, Number 99 (Thursday, May 21, 2020)]
[Rules and Regulations]
[Page 30835]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: C1-2020-08429]


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DEPARTMENT OF AGRICULTURE

Rural Housing Service

7 CFR Part 1951

[Docket No. RHS-20-CF-0011]


Notification of Direct Loan Payment Deferrals for the Community 
Facilities Direct Loan Program

Correction

    In rule document 2020-08429 beginning on page 22009 in the issue of 
Tuesday, April 21, 2020, make the following correction:
    On page 22009, in the DATES section, ``May 12, 2020'' should read 
``April 21, 2020''.

[FR Doc. C1-2020-08429 Filed 5-20-20; 8:45 am]
 BILLING CODE 1301-00-D